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  • Lahalito Lahalito Jun 12, 1999 2:45 PM Flag

    Japanese economy expanded 7.9%(yr adj)


    TOKYO, June 10 ....... Back to headlines

    [INLINE] Japan's economy expands for 1st time in 6


    The Japanese economy expanded by a real 1.9%
    in the
    January-March period from the previous
    quarter, the first upturn
    in one and a half years, the
    Economic Planning Agency (EPA) said
    EPA said in a preliminary report the nation's gross
    product (GDP), or the total value of goods and services
    minus net
    income from overseas, grew at an
    annualized rate of 7.9% after
    adjustment for inflation
    and seasonal


    Japan remains top ODA donor

    remained the world's top economic aid donor in 1998

    for the eighth consecutive year, providing a total
    $10.68 billion in official development
    according to statistics released Friday by the
    Assistance Committee. ODA was up 14.2 percent
    from $9.36
    billion in 1997, mainly due to a surge
    in aid to Asian
    countries hit by the region's
    economic crisis, the DAC said.

    DAC is the aid
    organ of the Organization for Economic
    and Development, a 29-member Paris-based group
    industrialized nations. The 21 countries that belong to
    dished out $51.59 billion in aid in 1998, up 6.8

    percent from the previous year, according to the DAC

    Fourteen states [nations] reported a rise in ODA
    in 1998.
    Denmark, the Netherlands, Norway and
    Sweden remained the
    only countries to meet the
    United Nations target of
    disbursing aid equivalent
    to 0.7 percent of gross national
    product. Japan
    ranked 12th with a 0.28 percent ODA-GNP
    ratio, the
    report shows.

    China was the top recipient of
    Japanese ODA in 1998,
    receiving $1.08 billion.
    Indonesia came in second and
    Thailand third. Japan
    disbursed $3.65 billion in
    governmental loans, $2.17
    billion in grants-in-aid and
    $2.77 billion in
    technical assistance in 1998 to foreign
    countries. The
    remaining 2.09 billion yen was given to
    aid bodies, according to a Foreign Ministry


    The world's second largest aid donor is the
    United States,
    which extended $8.13 billion in ODA
    in 1998, followed by
    France and Germany, each
    offering a little less than $6
    billion, according to
    the DAC report.

114.99-0.82(-0.71%)11:08 AMEDT

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